This can all explode very quickly.
I call it the "Bank run domination" trade.
aka. No way out. pic.twitter.com/68AAk5yqGP
— Mac10 (@SuburbanDrone) May 10, 2023
This long-term view shows what happens when financial conditions actually tighten: we see the Financial Crisis, the Euro Debt crisis in 2011/2012, the the oil bust, and the spike in March 2020
Consider consumer delinquencies versus the unemployment rate compared to the pandemic. https://t.co/AlZerdRypv
And bulls are praying for a recession. pic.twitter.com/gHCs5qStro
— Mac10 (@SuburbanDrone) May 14, 2023
I never thought I would have to explain why a bank meltdown is not a buying opportunity.
FDIC policy is to wipe out all shareholders.
Which means banks can't be owned. pic.twitter.com/Ne5TPqs4BR
— Mac10 (@SuburbanDrone) May 14, 2023
One year later, bulls are falling for another hype bubble.
Artificial intelligence is an act of desperation.
At least it's named appropriately. pic.twitter.com/6woDAC5tR1
— Mac10 (@SuburbanDrone) May 14, 2023
h/t BoatSurfer600